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Economy

It’s always about the economy, stupid…

Economy

Buhari Unveils 2050 Economic Blueprint, Aims for Top Middle-Income Status

Salisu Sulaimon | Sub-Editor -
ABUJA, Nigeria — On Wednesday, May 3, 2023, President Muhammadu Buhari of Nigeria, in a bold stride toward economic transformation, unveiled the Nigeria Agenda...
Economy

Redesigned Naira Notes Here to Stay, Nigeria’s Central Bank Declares

Inah Emmanuel | News Reporter -
The Central Bank of Nigeria, CBN, has quashed the rumours of phasing out the redesigned Naira notes from circulation, a clarification that came amid...
Economy

Taxing Times Ahead: Nigerian Gov’t Targets Beer, Imported Cars With Higher Taxes

Salisu Sulaimon | Sub-Editor -
The Federal Government of Nigeria has unveiled a new tax regime targeting beer, imported vehicles, and single-use plastics. The move, which is expected to significantly...
Economy

Daunting Mission: Can President-Elect Tinubu Tackle Nigeria’s $103.11 Billion Burden?

Bayo Adegbite | Politics Reporter -
LAGOS, Nigeria - As Nigeria prepares for the swearing-in of President-elect, Senator Bola Tinubu, on May 29, 2023, a daunting financial reality awaits the...
Business

Global Travelers Brace for Potential Airfare Hike Amid Rising Exchange Rates

Inah Emmanuel | News Reporter -
ABUJA, Nigeria - International passengers might have to dig deeper into their pockets to pay for airfares due to the rising foreign exchange rates...
Economy

Counterfeit Naira Notes Crisis Rocks Anambra State: Leader Alerts Central Bank of Nigeria

Ekamma Jacobs | Staff Reporter -
AWKA, Nigeria - Anambra State has been struck by a surge of counterfeit N200 notes, prompting a top community leader to issue a warning...
Economy

Nigerian Diaspora Remittances Total $168.33 Billion in 8 Years, World Bank Reports

Inah Emmanuel | News Reporter -
WASHINGTON DC, USA - A recent World Bank report has shown that Nigeria’s Diaspora community remitted $168.33 billion to the country in the past...
Economy

SADDER: ‘96% of Nigeria’s Revenue Used To Service Debt In 2022’ – World Bank

Wires Editor | The Trent -
The World Bank says Nigeria’s constant fiscal deficit has worsened the nation’s public debt stock, with 96.3 per cent of government revenue spent on...
Economy

CBN Report Reveals: Nigeria’s External Reserves Decline by $1.46 Billion in Q1 2023

Wires Editor | The Trent -
According to data from the Central Bank of Nigeria, CBN, Nigeria’s external reserves fell by $1.46 billion between January and March. According to the figures...
Economy

IPMAN Stands Firm: No Petrol Subsidy Removal Without Domestic Refining

Wires Editor | The Trent -
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has insisted that it is opposed to the removal of subsidy on petrol with the country...
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